Senior Quantitative Model Developer

The Opportunity

The Senior Quantitative Model Developer will collaborate in the development of complex quantitative models and analytical tools used for credit and interest rate risk management, cash flow generation, and scenario analysis.

The individual will be involved in data extraction and preparation, model specification and performance testing, documentation, ongoing model performance monitoring, both leading and supporting the development team throughout the model validation process, and partnering with the line of business and independent risk management teams.

The Work Itself

• Design, estimate, prototype / implement, test, document and maintain highly complex quantitative models and analytical tools.
• Develop model performance metrics and perform ongoing monitoring.
• Collaboration with many different business units and risk partners for successful development, validation, implementation, and execution of models.

The Skills You Bring

MS in a quantitative field (e.g., economics, statistics, operations research, quantitative finance) plus relevant experience required, or a PhD in a quantitative discipline.

Experience in authoring quantitative research articles is a plus.

• 7+ years of model development experience in the financial services industry, preferably with experience in cash flow analysis, optimization techniques, familiarity with financial modeling, time series, stress testing (DFAST / CCAR), attribution, and scenario analysis.
• Strong mathematical, statistical, computational skills. Prior model development experience in the financial services industry is preferred, especially experience in the auto industry or other consumer and small-business lending products.

Experience with loss forecasting, mathematical finance, and / or behavioral modeling relating to bank assets and liabilities is a strong plus.

• Knowledge of financial service products and risk characteristics, with preference for familiarity with the model validation process.
• Excellent team player with the ability to influence and negotiate.
• Effective in delivering solutions in a dynamic fast-paced environment.
• Excellent attention to detail a must.
• Excellent verbal, written, and interpersonal communication skills.

Computational / Software Skills

• Expertise in one or more programing languages that support statistical computing, such as R or Python.
• Experience in SQL required. Experience with big data is a strong plus.
• Experience in Unix, Scala, Spark, Hadoop, dashboard technologies, LaTeX, Markdown, continuous integration technology is preferred.
• Ability to learn and contribute to group DevOps processes involving software development, code refactoring, unit testing, and code reviews.

How We'll Have Your Back

Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals.

Our Total Rewards program includes industry-leading compensation and benefits plus additional incentives that are designed to meet your needs and those of your family so you can get the most out of your career and your life, including :

• Time Away : 11 paid holidays, 20 paid time off days, and 8 hours of volunteer time off, yearly (paid time off is prorated based on start date)
• Planning for the Future : plan for the near and long term with an industry-leading 401K retirement savings plan with matching and company contributions, student loan pay downs and 529 educational save up assistance programs, tuition reimbursement, employee stock purchase plan, and financial learning center and financial coach access.
• Supporting your Health & Well-being : flexible health and insurance options including medical, dental and vision, employee, spouse and child life insurance, short- and long-term disability, pre-tax Health Savings Account with employer contributions, Healthcare FSA, critical illness, accident & hospital indemnity insurance, and a total well-being program that helps you and your family stay on track physically, socially, emotionally, and financially.
• Building a Family : adoption, surrogacy and fertility assistance as well as paid parental and caregiver leave, Dependent Day Care FSA back-up child and adult / elder care days and childcare discounts.
• Work-Life Integration : other benefits including Mentally Fit Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs.
• Other compensations : depending on the role for which you are considered, you may be eligible for travel allowances, relocation assistance, a signing bonus and / or equity.
30+ days ago